Match List-I with List-II.

Choose the correct answer from the options given below :

(A)-(I), (B)-(IV), (C)-(II), (D)-(III)

The correct answer is option (3) : (A)-(I), (B)-(IV), (C)-(II), (D)-(III)

* AIS- Communicate the accounting information sub category of Accounting system.  This is a system that collects, stores, processes, and communicates financial and accounting information. It includes tools and methods for recording transactions, managing financial data, generating reports, and facilitating decision-making within an organization.  

* DBMS- Storing, capturing, processing and retrieval of data. This is software designed for the storage, retrieval, organization, and management of data in a database. In the context of an accounting system, a DBMS would be used to store financial data securely, capture transactional information accurately, process data efficiently, and retrieve information as needed for various accounting operations and reporting purposes.

* CAS- Grouping of accounts in logical structure. This refers to the grouping and organization of accounts within an accounting system. The chart of accounts provides a logical framework for categorizing financial transactions and classifying them into different types of accounts, such as assets, liabilities, equity, revenues, and expenses. Establishing a coherent CAS ensures consistency and accuracy in financial recording and reporting.

* Spreadsheet- Loan Repayment Scheduling, and Payroll Accounting. Spreadsheets are versatile tools commonly used in accounting for various purposes, including loan repayment scheduling and payroll accounting. For loan repayment scheduling, spreadsheets can be used to calculate amortization schedules, track payments, and analyze the impact of different repayment scenarios. In payroll accounting, spreadsheets can be used to manage employee compensation, calculate wages and deductions, generate pay stubs, and maintain payroll records.